Feb. 26 (Bloomberg) -- Here’s a timeline for the formation of the new Italian government and details on the process of choosing the new president of the republic.
The Democratic Party leader won a majority of seats in the Chamber of Deputies in elections yesterday, though fell short of a majority in the Senate, raising the specter of some kind of “grand coalition” or a new election.
*What happens now? -- Italy’s new parliament is not scheduled to meet for the first time until March 15. In the meantime, the various political parties will likely hold informal discussions on possible post-election alliances.
*How long will it take to install a new prime minister? -- It may take a month before a prime minister is formally nominated and a government formed.
*What will the new parliament do? -- The first order of business for the new legislature when it meets on March 15 will be to elect presidents for both the Senate and the Chamber of Deputies. This normally takes 3 or 4 days.
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